Wednesday, November 27

Morocco Miner Managem 2014 Net Profit To Fall On Lower Global Prices

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Reuters

The-Moroccan-Managem-mining-Company

Morocco’s biggest mining holding Managem said 2014 net profit will fall to 220 million dirhams, from 405 mln in 2013 on lower global prices, a profit warning from the company said on Friday.

The company said it was hit by a 22 percent drop in silver prices, a 17 percent fall in fluorite prices and a 6 percent drop in gold and copper over 2014.

(Reporting By Aziz El Yaakoubi, editing by William Hardy)

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